Financing college and university operations has always been a challenge. Thelin (2019) notes that “one of the most perplexing historical riddles in American higher education is how colleges planned and then implemented their annual operating budgets” (p. 98). Thelin identifies some of the creative ways in which institutions have generated financial support and discusses the role of philanthropists, foundations, and corporate partners in higher education.
For this Question, reflect on the economic and legal pressures that faced colleges and universities in the 1970s and 1980s, and how institutions responded. Compare these strategies to those used by institutions today. Support your response with current higher education literature.
Answer should include:
Explain how institutions responded to economic and legal pressures that faced colleges and universities in the 1970s and 1980s.
Compare strategies used to respond to past economic and legal pressures to those used today.